Request for Proposal for Investment Management Service
Published
Value
Description
Cranleigh Parish Council has recently carried out a review of its Investment Strategy. It has changed the terms to reflect a need to address the issues of poor yield from short notice, low risk investments. Inflation is eroding the value of reserves and forcing the Council into a position whereby it cannot meet its commitment to the achieve sustainable Yield, which forms one of the three core pillars of public finance: the others being Security and Liquidity. We are now seeking an investment management business who can help us manage the Council's capital to offset the effects of the rising inflation. Scope of Services The firm selected will be required to provide the following services: 1. Investment of Funds The firm must effectively invest the Cranleigh Parish Council's funds, providing discretionary investment management services, pursuant to the approved investment policy and cash flow needs. 2. Written and Oral Reports In line with regulatory requirements, the firm must provide a written report, as required, on a monthly basis demonstrating the portfolio performance and the current information about the portfolio, as described in the investment policy. The firm must also be available to make periodic oral reports to the Council. 3. Evaluation of Investment Policy The firm must annually assist in the review of the Cranleigh Parish Council's investment policy. The proposed changes to the investment policy will be presented in final draft form to the Cranleigh Parish Council Finance Committee prior to submission to the full Council. Proposal Requirements For the purposes of quoting for this service, it is important to know that the Parish Council has funds of circa £500,000 across all categories of reserves, but currently invests £200,000 of this on low interest-bearing deposit accounts. The Council will pursue a strategy to maximise the reserves in interest or capital growth-based instruments according to a the principles of a set of attached terms of reference. However for the purposes of this Request For Proposal, the Council's priorities are, in the following ranking order: (i) The security of capital to minimise the risk of losses. (ii) The liquidity of investments to meet the cash flow needs of the Council. (iii) Maximising income within the framework of the national economic situation. The Council will aim to achieve a high rate of return on investments commensurate with adequate safeguards of security and liquidity. The Department for Communities and Local Government maintains the borrowing of money purely to invest or to lend and make a return is unlawful and the Council will not engage in such activity. Finally the Parish Council seeks an ethical investment approach, ideally with a focus on sustainable investments. All proposals must be received by the Parish Council Clerk by 5.00pm on Friday 10 March 2023 by email to clerk@cranleigh-pc.gov.uk
Timeline
Publish date
a year ago
Close date
a year ago
Buyer information
Cranleigh Parish Council
- Contact:
- Beverley Bell
- Email:
- clerk@cranleigh-pc.gov.uk
Explore contracts and tenders relating to Cranleigh Parish Council
Go to buyer profileNotice topics
Source
Contracts FinderTo save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Openclosing
L24043a-T-TG Economic support on Business Rates
London Luton Airport800,000 GBPPublished 9 days ago
- Openclosing
PRO004392-Services-Contract-Independent Technical Adviser (HARP)
United Utilities Water LtdPublished 19 days ago
- Unknown
PRO004757-Services-Framework-Commercial Assurance, Commercial Consultancy and Project & Programme Management
United Utilities Water LtdPublished 19 days ago
- Openclosing
The provision of financial advisors to support the delivery of the Safety Valve programme
Department for EducationPublished 20 days ago
- Openclosing
Business Rates Review
The Police, Fire and Crime Commissioner for NorthamptonshirePublished 20 days ago
- Openclosing
Business Rates Review
The Police, Fire and Crime Commissioner for NorthamptonshirePublished 20 days ago
- Closed
Fundraising for the Community and Youth Captial Project
Thame Town CouncilPublished 23 days ago
- Closed
2019/S 211-517049 Financial Advisory Services Framework
Hyde Housing GroupPublished 24 days ago
Explore other contracts published by Cranleigh Parish Council
Explore more open tenders, recent contract awards and upcoming contract expiries published by Cranleigh Parish Council.
- Openclosing
Cranleigh Village Hall Theatrical Services
Cranleigh Parish Council263,600 GBPPublished 27 days ago
- Openclosing
Cranleigh Village Hall Building Works
Cranleigh Parish Council61,821 GBPPublished 27 days ago
- Closed
Snoxhall Fields Adult Pitch Improvements
Cranleigh Parish Council65,000 GBPPublished 4 years ago
Explore more suppliers to Cranleigh Parish Council
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- SE Shared Services
- LGSS
- High Peak Borough Council & Staffordshire Moorlands District Council
- Ministry of Defence, Ships, Maritime Platform Systems (MPS)
- In-tend Education Portal
- Dover Harbour Board
- BMB Joint Venture (BAM Nuttall, Morgan Sindall PLC & Balfour Beatty)
- The Heritage Council
- United Communities
- North Hertfordshire Homes Limited
- Groby Parish Council
- RENDLESHAM PARISH COUNCIL
- Loughton Town Council
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.